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Blog by Don Kennedy

B of C JULY RATE HIKE MORE LIKELY THAN NOT

June 29th, 2018
BCREA ECONOMICS NOW

Canadian Monthly GDP (April) - June 29, 2018

Canadian real GDP rose 0.1 per cent in April with 12 of 20 industrial sectors posting growth in output. The manufacturing sector was a main contributor to overall growth in real GDP, expanding its output by 0.8 per cent in April while offices of real estate agents and broker was up 0.3 per cent, the industry's first positive growt ...

BCREA Mortgage Rate Forecast Now Available

June 22nd, 2018
Highlights:
• Mortgages rates returning to long-run level
• B20 stress test prompts slow start to 2018   for the Canadian economy
• Trump trade tantrum may delay Bank of Canada tightening




Mortgage Policy Changes Hit Affordability Hard

June 15th, 2018

 

Vancouver, BC – June 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in BC was $739,783, down 1.7 per cent from May 2017. Total sales dollar volume ...

VANCOUVER WEST MAY HOUSE MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER EAST MAY HOUSE MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER WEST MAY APARTMENT MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER EAST MAY APARTMENT MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER WEST MAY TOWNHOME MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER EAST MAY TOWNHOME MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

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